BP # 7

                                                             Credit Cards Debt:      

            According to this article "Bonus Reading Financial Responsibility for all: A myth or Reality?" by Lubie Grujicic-Alatriste in the New York Times, claims that many young people are been bogged down with debts, loans, and possessing too many credit cards. Therefor, this had caused a lot young college students in a big agitation, all because of the lack of understanding, efforts, and responsibilities. Moreover, credit card companies are luring innocent people, which is leading themselves in a adulterate. however, it claims that the only way to fix this issue is for the government to find away to force the institutions to take responsibilities as well as the people too. in fact parent has the part of the strength to educate its children how to save and be more responsible to take care of their own consequences. as a result, companies has to have the potential to explain the truth and the consequences at last.

             Reading this article, made me thought about college students like me might end up with debts if we didn't take the effort to understand it well as we suppose to. This also made me think of my cousin how serious she was with her whole debts and credit cards bill problems. It came to a time where my cousin was surfering to overcome these debts as soon as possible. It  tells me that the reason why she was waged in credit cards bills, its because she did not take the chance to understand the possibilities of taking loans or what steps can she take to be in the right page. therefore. because of the lack of understanding and being more careful, she end up in a big problem.

            Knowing that these issue are still happening, and is bordering many young people, we have to do something about it. I suggest the government or congress to stop banks companies from luring students to get credit cars without well clear understanding. But also make a law that claims people who are under 21 cant get credit cards without their parents agreements. However, there should be classes in school for these young people to be educated about debts and how to take care of loans and more. On the other hand if you compare this to my country Guinea, which is located in west Africa, its totally different. Therefore, in my country they don't have such thing as credit cards. Because we believe that you need the money before getting what you want.